Ameresco Inc (NYSE:AMRC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday, May 3rd.

According to Zacks, “Ameresco, Inc. is an independent provider of comprehensive energy efficiency solutions for facilities throughout North America. The Company’s solutions include upgrades to a facility’s energy infrastructure, and the construction and operation of renewable energy plants. It engages in the development, design, engineering, and installation of projects that reduce the energy, as well as operation and maintenance costs of governmental, educational, utility, healthcare, and other institutional, commercial, and industrial entities facilities. Ameresco, Inc. is headquartered in Framingham, Massachusetts. “

Several other equities analysts have also issued reports on the company. Canaccord Genuity reaffirmed a “buy” rating and set a $8.00 price objective on shares of Ameresco in a report on Monday, May 1st. Roth Capital set a $7.00 target price on shares of Ameresco and gave the stock a “hold” rating in a research note on Monday, March 6th. Finally, Oppenheimer Holdings Inc. set a $9.00 target price on shares of Ameresco and gave the stock a “buy” rating in a research note on Thursday, March 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $8.19.

Shares of Ameresco (NYSE:AMRC) opened at 6.60 on Wednesday. Ameresco has a 12-month low of $4.24 and a 12-month high of $7.05. The company has a market capitalization of $299.80 million, a P/E ratio of 29.46 and a beta of 1.39. The firm has a 50-day moving average price of $6.50 and a 200 day moving average price of $5.83.

Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Tuesday, May 2nd. The utilities provider reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.06. The firm had revenue of $134.61 million for the quarter, compared to analysts’ expectations of $131.95 million. Ameresco had a return on equity of 5.94% and a net margin of 1.50%. On average, equities research analysts predict that Ameresco will post $0.39 earnings per share for the current year.

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In other news, insider Louis P. Maltezos sold 23,175 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $6.65, for a total transaction of $154,113.75. Following the completion of the transaction, the insider now directly owns 23,175 shares of the company’s stock, valued at approximately $154,113.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas S. Murley acquired 4,000 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were acquired at an average cost of $6.85 per share, with a total value of $27,400.00. Following the completion of the purchase, the director now owns 4,000 shares in the company, valued at $27,400. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 92,700 shares of company stock valued at $577,289. 54.16% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in AMRC. Janney Montgomery Scott LLC boosted its stake in Ameresco by 21.6% in the first quarter. Janney Montgomery Scott LLC now owns 21,748 shares of the utilities provider’s stock valued at $142,000 after buying an additional 3,860 shares during the last quarter. Algert Global LLC raised its position in shares of Ameresco by 122.2% in the first quarter. Algert Global LLC now owns 22,619 shares of the utilities provider’s stock worth $148,000 after buying an additional 12,440 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Ameresco during the fourth quarter worth $138,000. Russell Investments Group Ltd. bought a new position in shares of Ameresco during the fourth quarter worth $188,000. Finally, Teachers Advisors LLC raised its position in shares of Ameresco by 13.6% in the fourth quarter. Teachers Advisors LLC now owns 34,253 shares of the utilities provider’s stock worth $188,000 after buying an additional 4,112 shares during the period. 26.33% of the stock is owned by hedge funds and other institutional investors.

About Ameresco

Ameresco, Inc (Ameresco) is a provider of a range of energy services, including energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include capital and operational upgrades to a facility’s energy infrastructure and the development, construction, ownership and operation of renewable energy plants.

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